It’s official: Australia has lost 74k migrants during pandemic

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It’s official. Australia has lost 73,900 migrants since the start of the coronavirus pandemic, according to Q4 population data released yesterday by the Australian Bureau of Statistics (ABS):

Quarterly net overseas migration

Three consecutive quarters of negative NOM.

As shown above, Australia has recorded three consecutive quarters of negative net overseas migration (NOM), specifically:

  • -7,800 in Q2 2020
  • -41,200 in Q3 2020
  • -24,900 in Q4 2020
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All major jurisdictions experienced negative NOM over these three quarters, as illustrated below. Victoria (-40,938) has been hardest hit:

Net overseas migration by state

Victoria has been hit hardest by the loss of migrants.

Because of the loss of migrants, the nation’s population only grew by 23,600 over the last three quarters of 2020:

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Quarterly population growth

Big slowdown in population growth.

Over the same three quarter period, Victoria lost 30,700 people whereas the other major states all gained population:

Population growth by state

Victoria loses lots of people.

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The latest federal budget projected negative NOM of -96,600 in 2020-21 and -77,400 in 2021-22:

Budget NOM projections

The federal budget projected negative NOM in 2020-21 and 2021-22.

The 2020-21 projection is likely to be exceeded based on these figures.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.